The BEST investment YOU can make right NOW is ------ PAY OFF your DEBTS especialy your CREDIT CARDS!!!
Yo duck... you're absolutely 100% right. DEBT will positively ruin people from being able to survive on their own. Anyone on fixed income stands to become completely at the mercy of governments give away programs with all the rest of the already poor and the new poor that is being created right now. No one seems to know for sure which is going to happen first... deflation or inflation. Either way, the dollar is headed for a huge fall and gold will be the only true money that will be useful. But people that don't have any gold to see themselves through the coming currency collapse will have no choice but to hope government will give them food and shelter. We're reliving all the mistakes of the past, and the current lineup of politico's appear just as dishonest and disallusioned as the one's that thought gold was not necessary back in the 70's. America is in big trouble folks, and it ain't gonna get better any time soon. And it ain't gonna matter which party America foolishly thinks has the answers to our problems. It just ain't gonna happen. I hope God somehow gives us all a break and a hand up from this ugly mess, cuz it ain't gonna come from any politicians that I see on the horizon. God Bless America and God help us all. Amen.
QWAK,DEBT = SLAVERY People don't realise that they are no longer FREE -- they are DEBT SLAVES!
With out CREDIT the ILUSION goes away and the REALITY smacks thep up side the HEAD and they feel the CHAINS that they placed on them selves weigh HEAVY! :(
Being FREE of DEBT is of far higher VALUE than the slight posability that YOU can BEST the market and barrow $$$ and get back enough MORE $$$ and pay TAXES and EXPENCES!
BOTTOM LINE is that paying down or OFF debt gives an actual HIGHER % retun/SAVINGS than almost any stock and virtualy NO RISK! :)
QWAK,eggs,They are creating NEW FIAT currency so fast that printing presses could NOT posably keep up with how fast it is being created! As this happens all $$$ and other FIAT currencies LOSE ther VALUE/purchasing power in proportion to how much is created!
IF you FOCUS in on that one fact alone THEN things begin to be more understandable and predictable.
The scarrey part is that the whole GLOBAL SYSTEM is balanced on the back of a currently TOTALY UNREGULATED highly leveraged dirivitives market that is NOW at aproximitly 600 TRILLION $$$!!!!!
IT is extream leveraging and exists in the shadows and no body talks about THAT MONSTER much!;)
Eggs,pay off your debts,buy FOOD and other suplies that you will use any way. THEN IF you got any thing left buy real physical SILVER and GOLD!
THAT is MY honist best advice to and for EVERY ONE!
QWAK,eggs,You are geting cought up in the WIRL WIND and have no ANCHOR point to give you REFERENCE! Your points do have some validity but lack the perspective of concistent historical reference over long periods of time.
"Well .... not exactly Comrade Duck. Have you checked the BAILOUT PACKAGE lately? Whereby ALL THE MORTGAGE DEBT will be BOUGHT out by us taxpayers?" --- yep I did and they are leting the SHARKS out of the TUNA NET! :) The TUNA with legs stay IN --- just like they ALWAYS DO! :) The can NOT resque the people/TUNA --- that's what PAYS the BILLS! :) LOL
THAT is the SYSTEM and what IT is designed TO DO! :(
DEBT is there NET,they don't want SHARKS -- only TUNA!;)
"YES we will and ARE seeing DEFLATION and will see a lot more, however we ARE and will see a lot more INFLATION too but THIS time it will NOT be across the board ware all things go down in price. WE will have BOTH!"
Talk about 'hedging your bet' Comrade Duck! You're betting on both inflation and deflation! I'm not challenging your theory Comrade Duck as we are living in very strange circumstances that are confounding even the elite economic minds.
I've seen knowledgeable (smart) financial wizards make good arguments for; (1) Deflation (2) Inflation and (3) Deflation & Inflation combined. As for me and my investment strategy I've tried to combine a mix that PROTECTS my accumulated wealth with as little GAMBLING as possible. For now anyways.
Protecting ones wealth from a potential economic tsunami in these dangerous times IMO is one of utmost concern. I find that when someone is 'cocksure' about the direction of any investment/gamble that person may be delusional and needs to be challenged; (1) for his protection and (2) for everyone elses'.
I still remember the crash of 2002 and the Y2K shinaningans whereby doom and gloom was preached from 1998-2000.
"DEBT is a TRAP,it is a danger that has been obscured and hidden intentialy but it is REAL and has BIG TEATH that BITE HARD and don't let go till it is payed off!"
Well .... not exactly Comrade Duck. Have you checked the BAILOUT PACKAGE lately? Whereby ALL THE MORTGAGE DEBT will be BOUGHT out by us taxpayers?
If inflation takes off then mortgage owners can pay off their debt with CHEAP DOLLARS.
We are living in complex times in which, it appears, corrupt leaders and financial players are using every trick in the book, legal and illegal to make money at our expense.
And why not .... since the government via the Federal Reserve will BAIL OUT almost ANY BANK that gets in TROUBLE. Heads they win and tails they win! Such a deal!
Comrade eggs N ham
QWAK,eggs,There have been some very important FUNDAMENTAL changes since 29, so wile many of the same elements are agen present in our current situation, it will play out some what diferently!
History does NOT repeat IDENTICLY, but close enough so that one can say things do happen agen and agen.
First off,the vast majority of consumer electronics we use in our daily lives did not exist in 29! Second almost all the SILVER mined and refined for the last 5000 years has been USED UP and LOST --- gone for ever and each year since the late 40s more and more SILVER has been used and lost than is mined and refined each year! Today we use a little more than twice as much each year as is mined and refined! :)
Back in 29 the WORLD was on the GOLD STANDARD and virtualy ALL currencies were backed by GOLD and SILVER! Since 71 the world currencies have ALL gone FIAT with the result being the GLOBAL ECONOMIC CATASTROPHY we are NOW begining to experience! Historicly when a FIAT currency crashed every time, people returned to GOLD and SILVER because they CAN trust that the bankers and corrupt governments can NOT create REAL GOLD and REAL SILVER out of thin air so they can NOT COUNTERFIT as much as they want!
YES we will and ARE seeing DEFLATION and will see a lot more, however we ARE and will see a lot more INFLATION too but THIS time it will NOT be across the board ware all things go down in price. WE will have BOTH! :)
The things we need and buy on a daily level like FOOD and ENERGY and disposable things will go UP drasticly in price BUT the big ticket things that people have tended to buy with barrowed $$$$ are going DOWN dramaticly like HOMES,cars,etc.
BOTH GOLD and SILVER gain an ADVANTAGE in both catagories as this happens! :)
DEBT is a TRAP,it is a danger that has been obscured and hidden intentialy but it is REAL and has BIG TEATH that BITE HARD and don't let go till it is payed off!
For the average person just paying off debt is a much better deal than barrowing $$$ to GAMBLE in the stock market! That is just simple reality and THAT is the point I have been trying to make here for years and this post and the link I posted made! :)
"AINT gona HAPPEN!!! That is SILLY foolish talk! Can't go below what it costs to MINE and REFINE and with out REAL physical SILVER, virtualy all our modern electronics can NOT be manufactured!"
Hmmmmmmmm ..... Silver "Can't go below what it costs to MINE and REFINE" How so? If a DEPRESSION OCCURS then EVERYTHING goes DOWN, DOWN, DOWN irreguardless of what it originally costs to mine and refine!
If Joe-Six-Pack ain't got the bread then guess what .... econ 101 happens! .... law of supply and demand supercedes gold bug theology Comrade Duck!
Let's journey back to yesteryear ladies and gentlemen in my recently converted 'way-back machine' made from old vacum tubes from an old '52 Motorola TV' and let's see what happened after the stock market crashed and burned in Oct of '29'.
Almost everthing that was manufactured prior to the stock market crash of '29' sold for less than what it cost to make it after that dreadful occurance. How so? Well, there was massive layoffs in the workforce and people who used to work, didn't! Massive unemployment and a lack of jobs caused income to fall drastically.
Ergo, prices for goods and services also dropped. That's why it was called a DEPRESSION ... not the psyche/emotional kind. I don't think anyone purchasing goods or for that matter selling said goods checked to see what an item cost to make prior to making a sale.
Likewise in the here and now Comrade Duck. Who really cares what it cost to mine and refine silver? It all boils down to supply and demand.
Oh, by the way Comrade Duck, during your life travels, when you purchase an item do you EVER check to verify what it cost to make it before you purchase it? And have you ever sold an item for less than what it cost to make it?
If you haven't Comrade Duck, maybe just maybe people that are in a financial jam don't care what an item cost to make because they NEED MONEY ASAP in order to pay pending bills or face the wrath of the BILL COLLECTOR!
Of course that's just my opinion and I could be wrong.
eggs N ham
QWAK,fe4o3,AINT gona HAPPEN!!! That is SILLY foolish talk! Can't go below what it costs to MINE and REFINE and with out REAL physical SILVER, virtualy all our modern electronics can NOT be manufactured!
There will be an EXPLOCIVE rise in price of both SILVER and GOLD once the COMEX riged pricing is STOPED because the SHORTS are forced to DEFAULT or COVER at ANY PRICE!
There is already a market filling in ware the dealers can not buy and sell based on SPOT pricing and there will ALWAYS be BUYERS for REAL GOLD and SILVER!
fe4o3 I know you are just jerking my chain but honistly THEY can't FIX what is BROKEN and the more they TRY the WORSE they make the situation! GOLD and SILVER (real stuff) will always have VALUE! :)
So Duck, what will you do when Silver is $2/oz and Gold is $500/oz? A socialist gov't may set the price! May even make it illegal to sell.
As you've pointed out dealers aren't selling coins and small bars now!
QWAK,HUMmmmmmmmmm been pondering ;)
Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a whore house and selling booze?
I just GOT to figuere they will totaly screw it up -- as usual, so GET out of DEBT as fast as you can because the MONSTER they created is HUNGY and will EAT you if it can -- because IT EATS DEBTORS for breakfast,lunch and dinner! :(